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F, <br />BOOK FGF � <br />Community Development Director Bob Keating reviewed the memorandum and <br />options, as well as the committee's and stafr s recommendations using the following outline <br />projected on the screens in the Chambers: <br />Update of Indian River County Traffic Impact Fee <br />Indian River County <br />BOARD OF COUNTY COMMISSIONERS <br />MAY 11, 1999 <br />MPO TRAFFIC IMPACT FEE STUDY <br />OBJECTIVES <br />»ASSESS BENEFIT DISTRICTS <br />• REVIEW VALUES OF FORMULA VARIABLES <br />• UPDATE FEE SCHEDULE <br />• REVISE DEVELOPMENT POLICIES <br />Presentation Format <br />�T Benefit Districts <br />• Impact Fee Formula <br />• Demand Component <br />• Cost and Credit Components <br />:: Impact Fee Schedule <br />• Impact Fee Administration <br />IMPACT FEE DEFINITION <br />Indian River County <br />Historical Population <br />Indian River County <br />Projected Population <br />Benefit Districts <br />* 9 Existing Impact Fee Benefit Districts <br />a 3 Proposed Benefit Districts <br />• Single Countywide Fee <br />:: Advantages to Fewer Districts <br />• Reduces Administrative Complexity <br />• Flexible Budgeting and Planning <br />• Reduces Potential Refund Issues <br />• Reasonable Proof of Benefit <br />MAY 119 1999 <br />34 <br />